1 Ducat - Charles

Hesse-Cassel's ducat production in the early eighteenth century was heavily entangled with the landgraviate's practice of selling soldiers — the Subsidientruppen — to foreign powers, a revenue stream that funded Charles I's court ambitions and kept the mint active through decades when many smaller German states struggled to strike gold at all. The 1720 issue falls squarely within this period of mercenary-financed prosperity.

Fr#1274a distinguishes this from closely related varieties in the Friedrich series; the Schütz reference places it within a tightly documented run where die pairing variations are known.